Tax property for sale

[Marquell Jones]

hey BP fam. Quick question.  I'm in Alabama and have no capital or good credit.  I've been trying to do assignments to build start up money.  Someone told me that I should pay off the taxes of a property and get started that way.  Any views of this.?

[Denise Evans]

@Marquell Jones Do not even THINK about attending some nationally sponsored program about tax sales. Alabama is completely different.  Please do a search on BP for my blogs and forum posts on this topic for a general education, and then message me with a specifc question. To clear up a few misperceptions in this thread:

• You can take possession as soon as you have your certificate
• Many tenants will sign a lease with a 30-day cancellation clause in exchange for below market rents or security deposit concessions
• If the property contains a residential structure, a redeeming party must pay you for the VALUE (not the cost, which is usually much less than value) of the repairs
• Almost all lienholders must redeem before exercising their own rights to take the property such as foreclosure
• Local government liens (weed abatement, demolition, sewer, etc.) do not have to redeem before foreclosing but they must reimburse you for taxes. They do not have to pay for repairs.